Defunct Law Firm Sues Wells Fargo Over Foreclosure Work

A New Jersey law firm that helped Wells Fargo Bank N.A. foreclose on thousands of homeowners has sued the lender, saying the bank’s delayed efforts to fix its robo-signing problems led the law firm to collapse.

Lawyers for the Zucker, Goldberg & Ackerman law firm, which laid off most of its 335 workers last year, are accusing Wells Fargo of taking several years to comply with a 2010 New Jersey Supreme Court order that called for lenders to show that they were properly submitting mortgage details before foreclosing on a property.

The order, which required banks to submit their internal foreclosure policies, paralyzed foreclosures throughout the state. The average time for the foreclosure process—from filing the lawsuit to a sheriff’s sale—grew from about 200 days to about 1,000 days, according to documents filed in U.S. Bankruptcy Court in Newark.

Read on.


4 responses to “Defunct Law Firm Sues Wells Fargo Over Foreclosure Work

  1. Reblogged this on Deadly Clear and commented:
    Probably happening elsewhere as well.

  2. Elaine Williams

    Well gee – I don;t know – maybe it is because these guys were on the WRONG side of the foreclosure case! They must have had their collective head up their ass. There was a well known Wells Fargo Foreclosure Handbook – published specifically for the foreclosure mills they used. Don’t believe me? Google Linda Tirelli Wells Fargo Foreclosure Handbook. – Oh yeah tells the bottom feeding foreclosure lawyers how to fix documentation. Sorry – but I don;t feel sorry for these guys.

  3. Anybody have the Wall St. Journal article they can post? I don’t have a subscription.

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